World Bank finally approves $1.5bn loan for Nigeria

The World Bank has approved Nigeria’s request for a $1.5 billion loan.  In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year country partnership framework (CPF) that will last from 2021 to 2024. The bank said the facility was prepared jointly with the International Finance Corporation (IFC) and the Multi-lateral Investment Guarantee Agency (MIGA). The loan will focus on four areas of engagement namely Investing in human capital, promoting jobs and economic transformation and diversification, enhancing resilience and strengthening the foundations of the public sector. …

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